Korean Air expects EU antitrust warning

Arief Budi

Global Courant 2023-05-12 21:35:38

BRUSSELS – Korean Air Lines expects EU competition authorities to issue a formal warning about its bid for Asiana Airlines by the end of May, South Korea’s largest airline said Friday.

The deal announced in late 2020, which would see Korean Air become Asiana’s largest shareholder in debt, is the biggest shakeup in the country’s airline industry in nearly three decades.

The European Commission opened a full-scale investigation into the takeover in February amid fears it could reduce competition in passenger transport on four routes between South Korea and Europe.

- Advertisement -

After receiving a notice of appeal, companies may request a closed hearing before offering corrective action. REUTERS

Korean Air expects EU antitrust warning

Asia Region News ,Next Big Thing in Public Knowledg

- Advertisement -